Gordon Murray, the father of the legendary McLaren F1, announced the launch of a new vehicle manufacturing company called Gordon Murray Automotive.

The company’s goal is to take innovative vehicle projects and put them into a limited production run, with their first car to be a flagship model to be launched under a new Gordon Murray brand. The new business will also be able to accept contracts from external customers.

The cars built by Gordon Murray Automotive will be based on a new version of the iStream production system that uses steel tubes for the chassis with lightweight composite panels bonded in for more rigidity.

Gordon Murray Automotive will be part of a new corporate organization that also includes Gordon Murray Design. This year marks the iconic designer’s 50th year in vehicle engineering and design, with a unique celebration event scheduled for November that will include almost every race and road car from Gordon Murray’s long career.